Year-end Tax Planning

Most year-end tax planning articles in themainstream media focus on tried-and-true strategies, what I call ’plainvanilla.’ Active traders should also focus on tax-planning opportunities uniqueto their industry, especially traders rising to the level of business taxstatus.Plain vanillayear-end tax planning strategies suggest that all taxpayers, including activetraders, should generally defer income and accelerate expenses in order toreduce current year taxable income and tax liabilities.
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[Source: The Money Blogs]